Three-Bedroom Condominium with Courtyard
2901 CHARING CROSS ROAD Unit 12/11, Falls Church, VA 22042
For Sale
$250,000
Updated kitchen finishes, community recreation, and a private storage closet add practical features to the residence.
Property Size1,040 SF
Price / SF$240.38
Days on Market60
Property Features for 2901 CHARING CROSS ROAD Unit 12/11
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Highway Access
Public Transit
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
pool
basketball courts
playgrounds
walking paths
laundry facilities
Building Details
Building Size
Year Built
Listing Agency:
Compass
Listed By:
Dawn M Pace · License #0225090384
(703) 785-8499
Source:
Irvinrealtyllc
Added: Sep 10
Changed: Nov 8
Last Checked: Nov 7 at 7:25PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Compass
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Investment Insights
Based on property information with market context.
This 1,040-square-foot, three-bedroom condominium was built in 1966. Its kitchen has granite countertops and newer appliances, and recessed lighting is installed in the living area. A private balcony faces the courtyard and pool; the unit also has a private storage closet. Laundry facilities are in the building basement.
Community amenities include a swimming pool, basketball courts, playgrounds, and walking paths. The association permits up to three pets per unit, and the residence comes with two unassigned parking spaces plus visitor parking. All utilities are covered by the condo fee.
The Mosaic District, with shopping, dining, Target, MOM's Organic Market, and the Angelika Film Center, is within walking distance. The Dunn Loring-Merrifield Metro is approximately one mile away, with a bus stop nearby. Inova Fairfax Hospital and Tysons Corner are minutes away; I-495, I-66, Route 50, Route 29, and Gallows Road provide additional area connections.
Community amenities include a swimming pool, basketball courts, playgrounds, and walking paths. The association permits up to three pets per unit, and the residence comes with two unassigned parking spaces plus visitor parking. All utilities are covered by the condo fee.
The Mosaic District, with shopping, dining, Target, MOM's Organic Market, and the Angelika Film Center, is within walking distance. The Dunn Loring-Merrifield Metro is approximately one mile away, with a bus stop nearby. Inova Fairfax Hospital and Tysons Corner are minutes away; I-495, I-66, Route 50, Route 29, and Gallows Road provide additional area connections.
Key Highlights
- Three‑bedroom condominium with 1,040 square feet of living area
- Granite kitchen counters and newer appliances
- Private balcony facing the courtyard and pool
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,568
Cap Rate
6.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$311,360
$311.4K
Cap Rate 7%
$222,400
$222.4K
Cap Rate 9%
$172,978
$173.0K
Market Conditions
NOI Build-Up for 1,040 SF
Gross rent
$30.0K $28.80/SF
− Vacancy
−$1.6K −$1.58/SF
EGI
$28.3K $27.22/SF
− OpEx
−$12.7K −$12.25/SF
NOI
$15.6K $14.97/SF
Area
Fairfax County, VA
Vacancy
5.50%
Lease Rate
$28.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$311,360
Cap Rate 7%
$222,400
Cap Rate 9%
$172,978
Alternative Uses
Best Use
Apartment 5plus
$222.4K
$194.6K – $259.5K
NOI $15,568 @ 7.0% cap · market cap 6.23%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.36M
$3.81M – $5.09M
NOI $305,159 @ 7.0% cap · market cap 122.06%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,206
Businesses Nearby
Explore this area
Business Placement
Demographics for 22042, VA
34,638
Population
12,598
Households
2.7
Avg Household Size
37
Median Age
55%
College-Educated
86%
High-School Grad
6.4 sq mi
ZIP Area
5,412
Density / Sq Mi
$135,578
Median Household Income
$60,264
Median Earnings
$2,178
Median Rent
$666,700
Median Home Value
Frequently Asked Questions
What type of property is this?
Residential income property - Updated kitchen finishes, community recreation, and a private storage closet add practical features to the residence.
Where is this residential income property located?
The property is located at 2901 CHARING CROSS ROAD Unit 12/11 Falls Church, VA.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Three‑bedroom condominium with 1,040 square feet of living area; Granite kitchen counters and newer appliances; Private balcony facing the courtyard and pool
